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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (169493)	3/14/2021 8:16:13 PM
From: sense	Respond to of 218860

"Then why did ET have to go to court when Chesapeake went under and tried to stiff them out of 300 Mil." ET (pipeline taking tolls) didn't have to go to court about CHK (producer in bk)... they had to go to court because of BK (court error)... noting also CHK isn't exactly "a little guy"... the dispute was about CHK seeking to reduce the tolls being charged in what ET deducted from what they paid CHK... which was taken out of what ET got paid for delivering CHK products to refineries / distribution hubs, etc. The issue was about CHK using the courts to reduce the tolls charged... which was outside the courts remit. Energy Transfer Gets Government Backing in Contract Dispute With Chesapeake Energy The pipeline won... because the Feds told the court they have that power, and the Feds wouldn't enforce its orders... which was the correct outcome. CHK as "the producer under stress" was trying to back out of the contracts they had with ET as the pipeline... they were hoping the court would force ET to accept CHK would not pay their agreed share of the costs in building pipes, or were hoping to reduce the tolls being charged on their products transiting them... But, the pipelines are not "just another creditor"... since they are regulated by the FERC which controls the tolls... and you can't have people disrupting the regulatory scheme because they went broke... The balance in risk favors the pipelines...